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The Role of Management. Management. The process of planning, organizing, leading, and controlling the use of resources to accomplish performance goals. Resources:. Management. The process of planning, organizing, leading, and controlling the use of resources to accomplish performance goals.
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Management • The process of planning, organizing, leading, and controlling the use of resources to accomplish performance goals. • Resources:
Management • The process of planning, organizing, leading, and controlling the use of resources to accomplish performance goals. • Resources: Human, financial, material.
Clips • Micromanager • http://www.youtube.com/watch?v=LGm2P146txM • Worse boss Experiences in computer programming • http://www.youtube.com/watch?v=IsZ-YL_o7XE
Tell me about your experience with bad Managers. What did they do wrong? Class Share
Effective Managers • Have the ability to succeed by getting extraordinary results from their employees. • Focus on: Respect, participation, empowerment, involvement, teamwork, self management, etc.
Clip • What to do when your boss is out • http://www.youtube.com/watch?feature=fvwp&NR=1&v=B1e6fOTGflk
Suppose you were sent to an alien planet where you were asked to manage a company. How would you do it? What do you need to know? Class discussion
Understanding the Current Workplace and how it is adapting to globalization
Changes in the Economy • Intellectual Capital • Globalization and interdependence • Technology • Diversity • Ethics • Careers
Intellectual Capital • The collective brainpower or shared knowledge of a workforce. • Ultimate foundation of an organizations performance. • One of the greatest assets of a company
Importance to management • Find ways to capitalize on knowledge workers, keep them in the organization and enhance their abilities. • Knowledge worker – someone whose mind is a critical asset to employers.
Globalization • A process whereby national or regional economies and cultures have become integrated • Through new global communication technologies, foreign direct investment, international trade, migration, new forms of transportation, and the flow of money.
Interdependence • A relation where each member mutually relies on the other. • Globalization causes interdependence between country economies.
Globalization Video • http://www.youtube.com/watch?v=3oTLyPPrZE4
Importance to management • Understand how globalization is changing and make decisions to help the company adapt. • Example: find human resources, materials and more through the internet (instead of just locally) • Understand how the workplace is changing and how to adapt management style to the individual.
Classwork • What is management and what are the characteristics of an effective manager? • List the ways the economy is changing. • What is intellectual capital and why it is important to businesses. What role does management have with intellectual capital? • Explain globalization and interdependence. Through what methods has globalization occurred? In what ways has globalization impacted: 1) The world 2) Canada 3) Brampton 4) you